PULASKI, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY, founded in 1900, is a small nonprofit that reported $235K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $438K exceeded revenue, resulting in a 87% operating deficit.
THE COMPANY WAS FORMED FOR THE PURPOSE OF PROVIDING INSURANCE FOR ITS MEMBERS AND TO REINSURE AND ACCEPT REINSURANCE FOR FIRE, LIGHTNING, EXTENDED COVERAGES, THEFT, PROPERTY AND OTHER COVERAGES PERMITTED FOR A COUNTY MUTUAL INSURANCE COMPANY BY TENNESSEE INSURANCE LAW.
THE COMPANY IS A NON-PROFIT MUTUAL BENEFIT CORPORATION THAT WRITES FIRE AND EXTENDED COVERAGE INSURANCE AS A MUTUAL FIRE, LIGHTNING, HAIL, EXTENDED COVERAGE, AND TORNADO COMPANY AND PROVIDES COVERAGE...
THE COMPANY IS A NON-PROFIT MUTUAL BENEFIT CORPORATION THAT WRITES FIRE AND EXTENDED COVERAGE INSURANCE AS A MUTUAL FIRE, LIGHTNING, HAIL, EXTENDED COVERAGE, AND TORNADO COMPANY AND PROVIDES COVERAGE PRIMARILY TO RESIDENTS OF GILES COUNTY, TENNESSEE AND COUNTIES CONTIGUOUS THERETO IN THE STATE OF TENNESSEE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $234,741 | $317,483 | -0.3% |
| Expenses | $438,295 | $318,615 | +0.4% |
| Net Income | $-203,554 | $-1,132 | +178.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JANIE MARIE WILBURN | SECRETARY/TREASURER | 40.00 |
Officer
Director
|
$33,409 | $0 | $33,409 |
| HARRY WINFORD BURNS | PRESIDENT/DIRECTOR | 1.00 |
Officer
Director
|
$6,260 | $0 | $6,260 |
| RICHARD EUGENE LONG JR | DIRECTOR | 1.00 |
Director
|
$1,410 | $0 | $1,410 |
| CLINT WINFORD BURNS | DIRECTOR | 1.00 |
Director
|
$1,409 | $0 | $1,409 |
| LANE EVERETTE ROSE | VICE-PRESIDENT | 1.00 |
Officer
Director
|
$1,410 | $0 | $1,410 |
| WENDELL WILBURN | DIRECTOR/AGENT | 40.00 |
Director
|
$58,909 | $0 | $58,909 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $234,741 | $438,295 | $873,612 | $-203,554 |
| 2022 | $317,483 | $318,615 | $1,106,782 | $-1,132 |
| 2021 | $322,320 | $341,742 | $1,110,066 | $-19,422 |
| 2020 | $392,351 | $393,946 | $991,040 | $-1,595 |
Compare FARMERS MUTUAL INSURANCE COMPANY OF GILES COUNTY with other nonprofits in Tennessee and across the country.